A creative general manager has offered two different contracts to a vain quarterback. The newspaper report the total dollars of the contract l, so contract A will pay a total of $2,567,500.00, while contract B will pay $3,028,150.00. The player will select contract B as it has more publicity. The team can earn 8.00% on their investments, so lets determine the value of each contract

What is the present value of contract A?

What is the present value of contract B ?

Which would the team prefer to sign with the player?

CSePub A creative general manager has offered two different contracts to a CONTACTA CONTRACTB YEAR SALARY 0 $513,500.00 1 $513,500.00 2 $513,500.00 3 $513,500.00 4 $513,500.00 YEARSALARY 0 $300,425.00 1 $300,425.00 2 $809,100.00 3 $809,100.00 4 $809,100.00 The newspapers report the total dollars of the contract, so contract A more publicity. The team can earn 8.00% on their investments, so let What is the present value of contract A? Answer Format: Currency: Round to: 2 decimal places